TMI BlogExecution of Bond and Bank Guarantee under Advance Licence and EPCG Schemes-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... tar Trading House, Star Trading House, Trading House, Export House and Public Sector Undertakings. Nil (b) Service providers who are recognized as status holders by the appropriate authority Nil (c) Manufacturer exporters registered with Central Excise who have been exporting during the previous two financial years and have minimum export of ₹ 1 crore or more during the preceding financial year. Nil (d) Manufacturer exporters registered with Central Excise, who have paid Central Excise Duty of ₹ 1 crore or more during the preceding financial year. Nil (e) Manufacturer exporters w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o financial years. (d) In individual cases where DGFT Authority/EPCG Committee/ALC/Jurisdictional Commissioner of Customs is satisfied that a higher quantum of Bank Gurantee is justified on account of risk to revenue 100% Bank Guarantee may be taken by Customs after recording the reasons therefor in file. 4 Where an importer so requests, a Bank Guarantee may be taken consignment-wise subject to the condition that such consignment wise BG shall only be acceptable by Customs at the port of registration of the licence. 5. Bond/BG shall be filed for a minimum period of 3 years with an undertaking to keep the BG alive for the entire period of export obligation viz 8+1=9 years or 12+1=13 years etc. under EPCG Schemes as the case may be. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e action in terms of the Bond/BG jointly executed by them. (d) This facility shall be extended only to those companies which have proven track record and reputation. 8. BG exemption specified in para 1 above shall also, be available in respect of past licence where licence holder had earlier filed BG but as on date he is entitled for BG exemption. 9. It shall be responsibility of the jurisdictional Superintendent of Central Excise that while issuing Certificate about export performance in terms of para 1 (c) or about the fact of payment of Central Excise duty for the purpose of para 1 (d) he satisfies himself about the genuineness of the declaration being given by the licence holder. 10. In order to thwart attempts to misuse the Ad ..... X X X X Extracts X X X X X X X X Extracts X X X X
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